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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Employee benefits
Hi Chris/ Stephen,
How is the pension liability calculated? In the Kaplan book it is given salary at retirement * (no.of years worked/60 years) and discounted to PV. So the calculations are done when the employees leave the company? If so, how does it change the value of obligations when a curtailment occurs?
Actuaries do all horrid calculations.
If Q says that the liability goes up or down by 10 because of curtailment, treat it like any other service cost:
Dr or Cr P&L
Dr or Cr Liability.